January 1954
Law & Contemporary Problems;Winter1954, Vol. 19 Issue 1, p120
Academic Journal
In this article the author talks about the future of small loans in the U.S. The Uniform Small Loan Law prepared by the Russell Sage Foundation is said to be one of the most powerful legislation enacted in the field of consumer credit in the country. He believes that these days a majority of small loans are made on character and without any security. The licensed American company give small loans and deals with average American citizens. Many banks claims that small loans are difficult to repay due to high rate of interest.


Related Articles

  • THE FUTURE OF THE LOAN SHARK AND CONSUMER CREDIT AGENCIES. HENDERSON, LEON // Law & Contemporary Problems;Winter1954, Vol. 19 Issue 1, p127 

    In this article the author talks about the future of the loan sharking and consumer credit agencies in the U.S. He talks about the efforts of the Russell Sage Foundation in recognizing the abuses suffered from loan sharks by wage earners and salary earners. The law provides for a system of...

  • PROGRESS IN CONSUMER CREDIT IN KENTUCKY. LENIHAN, B. J. // Law & Contemporary Problems;Winter1954, Vol. 19 Issue 1, p54 

    The article offers information on the progress of consumer credit in Kentucky. The state was one of the later industrial sites to have adopted a version of the Russell Sage foundation Uniform Small Loan Law. After two decades preceding adoption of Kentucky Small Loan Law, problems by loan shark...

  • PROGRESS AND PROBLEMS IN REGULATION OF CONSUMER CREDIT. HUBACHEK, F. B. // Law & Contemporary Problems;Winter1954, Vol. 19 Issue 1, p4 

    The article focuses on the progress and problems in regulation of consumer credit in the U.S. It also talks about subsequent developments in the same general field. Consumer credit particularly in the periods from 1916-1940 and 1940-1953 is talked about. The country faced several problems due to...

  • MONTHLY UPDATE. Spicer, Andrew // Money (Australia Edition);Jul2009, Issue 114, p102 

    The article discusses how to compare home loans. Average annual percentage rate (AAPR), otherwise known as comparison rate, factors upfront and ongoing fees, thereby giving a more accurate picture of the cost of borrowing. However, AAPR is less accurate when it comes to fixed-rate and...

  • MONEY, CREDIT, AND SECURITY MARKETS.  // Economic Indicators;Feb2005, Vol. 110 Issue 2, p26 

    Presents charts and graphs on the money, credit and security markets of the U.S. as of January 2005. Money stock and debt measures; Bank credit at all commercial banks; Consumer credit; Interest rates and bond yields.

  • FDIC Offers Guidelines on Short-Term Loans. Adler, Joe // American Banker;12/5/2006, Vol. 171 Issue 232, p4 

    This article describes the draft guidance released by the Federal Deposit Insurance Corp. to guide insured institutions on small, short-term, low-cost loans as an alternative to nonbank lenders. The guidelines request that financial institutions minimize or eliminate fees on such loans and to...

  • INSTITUTIONAL ORGANIZATION OF CONSUMER CREDIT. NEIFELD, M. R. // Law & Contemporary Problems;Winter1941, Vol. 8 Issue 1, p23 

    The article focuses on the institutional organization of consumer credit. A complex social and economic structure elicits a variety of consumer credit institutions, which are conditioned by the legal, economic and social forces at work in the milieu in which they originate. As long as the...

  • What's Behind the Surge in Personal Loans. Berry, Kate; Wack, Kevin // Credit Union Journal;2/8/2016, Vol. 20 Issue 3, p1 

    The article reports on the growing popularity of personal loans, especially the unsecured loans, in the U.S. The article further mentions that the loans are mainly taken to pay-off debts and to make expensive credit purchases. In addition, it is suggested that the ease of getting the loan at...

  • THE LOAN SHARK PROBLEM IN THE SOUTHEASTERN STATES. SIMPSON, WILLIAM HAYS // Law & Contemporary Problems;Winter1954, Vol. 19 Issue 1, p68 

    The article offers information on loan shark problems in the Southern states of the U.S. As stated, money lending was increasing in the country so many states passed regulatory acts including Mississippi, Maryland, North Carolina etc. The civil penalties imposed in actions on usurious contracts...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics